China’s JLL head bursts talk of warehouse supply bubble HONG KONG — The head of China research for real estate company Jones Lang LaSalle has dismissed a market perception that rising investment in the logistics property sector over the last few years has created an oversupply bubble in mainland warehousing.Stuart Ross, head of industrial China […]
Read More →DHL investing $108 million to expand Cincinnati Americas hub
on June 1, 2015in Uncategorized
DHL investing 8 million to expand Cincinnati Americas hub LONDON — Global delivery company DHL Express will invest $108 million to expand its Americas hub at Cincinnati-Northern Kentucky airport to keep pace with rising demand in international e-commerce and trade.The expansion, scheduled for completion in late 2016, will involve adding more gates to handle additional […]
Read More →APL Logistics ready for trading under Kintetsu flag
on May 30, 2015in Uncategorized
APL Logistics ready for trading under Kintetsu flag HONG KONG — Kintetsu World Express’s $1.2 billion acquisition of APL Logistics was finalized on Friday, May 29, after the deal secured all the required legal, regulatory and shareholder approvals in Singapore and Japan.It was the same day Toll Group began trading under the umbrella of its […]
Read More →New board for Toll Group under Japan Post umbrella
on May 29, 2015in Uncategorized
New board for Toll Group under Japan Post umbrella Toll managing director Brian Kruger and Japan Post CEO Toru Takahashi announce the new board.HONG KONG — Toll Group began operating under the Japan Post flag today as president and CEO Toru Takahashi announced the new board that will provide governance to the Melbourne-based logistics company. […]
Read More →DHL infographic outlines integrator's disaster response in Nepal
on May 28, 2015in Uncategorized
DHL infographic outlines integrator's disaster response in Nepal Deutsche Post DHL Group has wrapped up its disaster response team deployment in Kathmandu, Nepal, just over a month since the first earthquake devastated large parts of the mountain nation. The infographic summarizes the activities and challenges onsite by the logistics company. Activated by a request from […]
Read More →Toll gets uniform ready for first day under Japan Post
on May 27, 2015in Uncategorized
Toll gets uniform ready for first day under Japan Post HONG KONG — It is unlikely to be casual Friday on May 28 as the new Japan Post-owned Toll Group marks its first official business day.The late-February deal was the biggest takeover of an Australian company since SABMiller bought Fosters in 2011, and Japan Post […]
Read More →Across-the-board gains propel Transport Corp of India profit
on May 26, 2015in Uncategorized
Across-the-board gains propel Transport Corp of India profit Trucking and logistics giant Transport Corporation of India said across-the-board gains in freight volumes helped drive consolidated net income up 13.6 percent year-over-year in fiscal year 2014-15, which ended March 31. 2014 fiscal year net earnings totaled Rs. 81.39 crore (about $13 million), versus Rs. 71.62 crore ($11.2 […]
Read More →Expected high-tech export growth good for air cargo, less for ocean
on May 22, 2015in Uncategorized
Expected high-tech export growth good for air cargo, less for ocean High-tech companies around the world expect exports to grow over the next two years, but air cargo freight and passenger jets are set to gain not container lines. According to a new study published by UPS, 74 percent of respondents were bullish on exports. […]
Read More →MercuryGate launches global omni-modal freight index
on May 22, 2015in Uncategorized
MercuryGate launches global omni-modal freight index CARY, N.C. — (BUSINESS WIRE) — MercuryGate International, Inc., a global provider of cloud-based transportation management solutions, today announced the launch of RateFriend™, the first freight index to provide global rate data for Road, Air, Ocean, Rail, and Intermodal transportation. Available for a low monthly subscription, RateFriend is embedded within […]
Read More →Royal Mail profit up on cost savings
on May 21, 2015in Uncategorized
Royal Mail profit up on cost savings LONDON — Royal Mail, the U.K. postal group, boosted full-year operating profit by 6 percent as cost cuts offset sluggish revenue in an increasingly competitive parcels market.Adjusted operating profit before “transformation “costs rose to £740 million ($1.15 billion) in the year to March 29 from £740 million in […]
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